Economics Blog » as questions http://www.economicshelp.org/blog Economics Blog - current events and economics essays Mon, 15 Mar 2010 10:06:14 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 AS Economics Essays http://www.economicshelp.org/blog/as-questions/as-economics-essays/ http://www.economicshelp.org/blog/as-questions/as-economics-essays/#comments Wed, 14 Jan 2009 08:28:10 +0000 tejvan http://www.economicshelp.org/blog/?p=1140 I have produced a Revision Guide of 30 model AS level essays. These will help AS Economics students understand what is required to write a top grade answer. It includes simple explanations of basic concepts. Relevant evaluation. Relevant diagrams.

It costs £6 and is sent by email in pdf format.

30 Model AS Economics Essays

I also sell a revision guide for both AS and A2 economics for £7

]]> http://www.economicshelp.org/blog/as-questions/as-economics-essays/feed/ 0 AD / AS Diagrams http://www.economicshelp.org/blog/as-questions/ad-as-diagrams/ http://www.economicshelp.org/blog/as-questions/ad-as-diagrams/#comments Mon, 05 May 2008 07:45:43 +0000 tejvan http://www.economicshelp.org/blog/?p=486 Readers Question: Which of the following, other things the same, would make the price level decrease and real GDP increase?

A. long-run aggregate supply shifts right
B. long-run aggregate supply shifts left
C. aggregate demand shifts right
D. aggregate demand shifts left

Diagram of AS shift to the right

In this diagram the AS curve shifts to the right, increase Real Output and decreasing the price level. This could occur due to increased productivity, better technology or improved supply side policies in the economy.

]]> http://www.economicshelp.org/blog/as-questions/ad-as-diagrams/feed/ 2 GCSE Economics http://www.economicshelp.org/blog/as-questions/gcse-economics/ http://www.economicshelp.org/blog/as-questions/gcse-economics/#comments Tue, 15 Apr 2008 09:37:15 +0000 tejvan http://www.economicshelp.org/blog/as-questions/gcse-economics/ The AS Economics revision guide is quite suitable for GCSE Economics. Sometimes I have recommended a GCSE textbook to my AS students. There is little difference between the AS syllabus and the GCSE syllabus. In fact, the GCSE syllabus is a little more extensive than the AS syllabus. It includes topics such as comparative advantage, not usually on AS syllabus.

GCSE Economics Textbooks and Revision Guides

GCSE Economics by  N.Proctor

GCSE Economics by A. Anderton

]]> http://www.economicshelp.org/blog/as-questions/gcse-economics/feed/ 0 Coursework for A Level Economics http://www.economicshelp.org/blog/as-questions/coursework-for-a-level-economics/ http://www.economicshelp.org/blog/as-questions/coursework-for-a-level-economics/#comments Mon, 24 Mar 2008 07:56:33 +0000 tejvan http://www.economicshelp.org/blog/as-questions/coursework-for-a-level-economics/ Hi, I am 15 at the moment at currently doing my GCSE’s. I am considering taking a-level economics along with maths, biology and chemistry. I am yet undecided as to what career i would like to pursue and think that the mentioned choice of subjects would keep my options open.

Could you tell me the ratio between coursework and exam for Edexcel board please? I cannot seem to find this information.

There is no Course work for Edexcel Economics. :)

There is an option to do coursework for AQA, but, I’m not sure whether it is in the new syllabus starting next year. The main change for the new syllabus is that students will do 4 exams (2AS and 2A2) instead of 6. I think this is a good change.

Personally, I do not like coursework. Students usually either:

  1. Spend a disproportionate amount of time on coursework
  2. Expect their teacher is going to get them a good grade.

The questions on this blog give an indication of the type of topics involved in A level economics.

]]> http://www.economicshelp.org/blog/as-questions/coursework-for-a-level-economics/feed/ 0 Apologies for Late Replies to Questions. http://www.economicshelp.org/blog/as-questions/apologies-for-late-replies-to-questions/ http://www.economicshelp.org/blog/as-questions/apologies-for-late-replies-to-questions/#comments Tue, 18 Mar 2008 13:19:55 +0000 tejvan http://www.economicshelp.org/blog/as-questions/apologies-for-late-replies-to-questions/ For some reason I stopped getting email notification of comments and questions. When I checked today I found 30 comments waiting to be answered! I will try and answer them soon. But, apologies for not seeing them earlier.

]]> http://www.economicshelp.org/blog/as-questions/apologies-for-late-replies-to-questions/feed/ 0 Finding Alternatives to Oil and Fossil Fuels http://www.economicshelp.org/blog/as-questions/finding-alternatives-to-oil-and-fossil-fuels/ http://www.economicshelp.org/blog/as-questions/finding-alternatives-to-oil-and-fossil-fuels/#comments Fri, 11 Jan 2008 12:48:36 +0000 tejvan http://www.economicshelp.org/blog/as-questions/finding-alternatives-to-oil-and-fossil-fuels/

the case for and against relying on the market mechanism to produce clean alternatives sources of energy that can replace fossil fuels such as oil and coal. (15)

Fossil Fuels are non renewable resources. Therefore, as they run out, the price will rise. This will create an incentive for firms to look for alternative sources of energy. (draw supply and demand diagram) As prices rise consumers will look for alternatives.

However, fossil fuels create negative externalities (pollution). The market mechanism fails to take these externalities into consideration. There is over consumption of negative externalities in a free market.

If an alternative fuel is clean, it creates positive externalities (less global warming) however, firms may not have sufficient incentive to develop these alternatives because they don’t get rewarded for the positive externalities of being clean.

Therefore, to have the best future for energy, the government should subsidise the production of these clean alternatives (e.g. solar panel, wind).

Fossil fuels may not run out for many years. If you leave it to the market alternative fuels may not get developed until it is too late and prices are too high. To develop alternative years requires a long time of investment. The market usually has no incentive to think of the future. Firms need profits now.

However, there are drawbacks of the government intervening in the market for energy. Government intervention is often characterised by government failure. The government may have poor information about what type of subsidy to give. Working for the government may create inefficiency. Also government intervention requires higher taxes.

Therefore, it better be better to leave it to the free market.

Another market based option is for the government to try and tax fossil fuels so that the price reflects the externalities involved. This will make the market create alternative fuels quicker.

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